Average Labor Productivity Is Determined By

question 16

Multiple Choice

Average labor productivity is determined by:

• A)consumption, investment, government spending, and net exports.
• B)the number employed, unemployed, and the labor force participation rate.
• C)the quantity and quality of human capital, physical capital, technology, natural resources, entrepreneurship, and the legal and political environment.
• D)the real interest rate, the nominal interest rate, and the rate of inflation.

---

Definitions:

Log(x)

Represents the logarithm of a number x, typically in base 10 or base e (natural logarithm), used in mathematics and programming.

Black Box

A system or component whose internal workings are hidden or not understood, with focus only on the input and output.

Arguments

Values or variables passed to a function or procedure when it is called.